please do A through E
AC 300-02 Fall 2019 ACCOUNTING CYCLE PROJECT Part III Due Date: Thursday, September 26, 2019- at the START of class. Part IIl is worth 15 points YOU MUST TURN IN ALL PAGES (numbered at the bottom of the "accounting paper" pages.) All pages must be STAPLED together-I will not have a stapler in class. Use Pencil and a good eraser!!!!!! PART III. REQUIREMENTS: Prepare the following Financial Statements based on the Adjusted Trial Balance. Income Statement Statement of Retained Earnings Balance Sheet The financial statements must be typed (Excel or word processor, etc.) and in PROPER format (ex: only use dollar signs where appropriate, use commas, do not use decimal points, proper indentation, etc.- look at the examples in the textbook- Chapter 2). a. ance ment Depre quipm Depre Each financial statement must be on a separate page. Start on the first blank General Journal page and prepare the necessary Closing Entries for the month of December. Use the account names that are on the General Ledger accounts. These entries can all be dated December 31. Post all closing entries from the General Journal to the General Ledger accounts. So, at this point the adjustments will be posted on the same Ledger pages that you posted the transactions and adjustments to, just as if it were a real set of books b. rable tock C. ervice and records. Prepare an after-closing (or Post-Closing) Trial Balance, using only accounts with non-zero balances. The accounts should appear in the same order as in the GL Make sure that all sheets have appropriate headings (look at the examples in the textbook). n Expe Expe d. nse . pens pplie Expen pense - Totals Page E Name John Tang, LLC Adjusted Trial Balance December 31, 2019 DEBIT CREDIT Cash 199,160 19,170 Accounts Receivable Computer Supplies 575 Prepaid Insurance Prepaid Rent Office Equipment 2,300 3.200 5,000 Acc Depreciation-Office Equipment Computer Equipment Acc Depreciation Computer Equipment 104 10,000 167 Wages Payable Common Stock Dividends 1,680 215.000 1,000 Computer Service Revenue Depreciation Expense - Office Equipment Depreciation Expense- Computer Equipment Wages Expense Insurance Expense Rent Expense Computer Supplies Expense Advertising Expense Repairs Expense Computer 29,370 104 167 2,520 100 1,600 225 850 350 46,321 S 246,321 Totals AC 300-02 Fall 2019 ACCOUNTING CYCLE PROJECT Part III Due Date: Thursday, September 26, 2019- at the START of class. Part IIl is worth 15 points YOU MUST TURN IN ALL PAGES (numbered at the bottom of the "accounting paper" pages.) All pages must be STAPLED together-I will not have a stapler in class. Use Pencil and a good eraser!!!!!! PART III. REQUIREMENTS: Prepare the following Financial Statements based on the Adjusted Trial Balance. Income Statement Statement of Retained Earnings Balance Sheet The financial statements must be typed (Excel or word processor, etc.) and in PROPER format (ex: only use dollar signs where appropriate, use commas, do not use decimal points, proper indentation, etc.- look at the examples in the textbook- Chapter 2). a. ance ment Depre quipm Depre Each financial statement must be on a separate page. Start on the first blank General Journal page and prepare the necessary Closing Entries for the month of December. Use the account names that are on the General Ledger accounts. These entries can all be dated December 31. Post all closing entries from the General Journal to the General Ledger accounts. So, at this point the adjustments will be posted on the same Ledger pages that you posted the transactions and adjustments to, just as if it were a real set of books b. rable tock C. ervice and records. Prepare an after-closing (or Post-Closing) Trial Balance, using only accounts with non-zero balances. The accounts should appear in the same order as in the GL Make sure that all sheets have appropriate headings (look at the examples in the textbook). n Expe Expe d. nse . pens pplie Expen pense - Totals Page E Name John Tang, LLC Adjusted Trial Balance December 31, 2019 DEBIT CREDIT Cash 199,160 19,170 Accounts Receivable Computer Supplies 575 Prepaid Insurance Prepaid Rent Office Equipment 2,300 3.200 5,000 Acc Depreciation-Office Equipment Computer Equipment Acc Depreciation Computer Equipment 104 10,000 167 Wages Payable Common Stock Dividends 1,680 215.000 1,000 Computer Service Revenue Depreciation Expense - Office Equipment Depreciation Expense- Computer Equipment Wages Expense Insurance Expense Rent Expense Computer Supplies Expense Advertising Expense Repairs Expense Computer 29,370 104 167 2,520 100 1,600 225 850 350 46,321 S 246,321 Totals
